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20121202
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. and for those who are unfamiliar with the term "stem" it stands for science, technology, engineering, and math. the hard sciences that we have too few in terms of graduates from our colleges and universities. this bill passed in the house of representatives with 245 votes, and was originally sponsored by my friend and colleague, lamar smith of texas, and is very similar to a piece of legislation i myself have introduced earlier this year. the goal of this legislation is one that i think is -- enjoys broad bipartisan support, and that is to help the united states retain more of the highly skilled immigrants who come to study at our colleges and universities. in particular, this bill would make eligible for a green card those who graduate in the stem fields who get a master's degree or a ph.d. and so we would not add to the net number of green cards that would be eligible, there is 55,000 diversity lottery visa green cards that would be substituted for by these stem green cards. now, we all know that america's immigration system is broken, and, unfortunately, it's a self-inflicted wound in many
investments in the future. it takes investment in equipment and science education and infrastructure and so forth. the question many people don't want to consider is when we get those resources? i asked our research department of the would make a prediction from important the interest costs would be if we did nothing and the estimate without any explosion will was as follows. within 25 years or so, our interest costs would jump from about 1% of gdp to 12% of gdp or roughly four times the total investment made in r&d r&d fer, science jaish infrastructure. and if we ever permit that to happen, we will assure that we are going to have what i call a slow-growth crisis. please take over, this is your meeting. >> one thing i don't plan to be is an economics expert. i felt this way for years it's not just about the health of our economy, it's about around the world it's going to continue to eat at us and when you put in the kind of time bombs of was the intent. it was supposed to be so hammes that congress would never permit it to happen. it's stretched and stressed at the time. i'm one that set
Search Results 0 to 1 of about 2

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